Inrix seeks to acquire ITIS Holdings

Inrix, the international provider of real-time traffic information and connected driving services, has made an offer to acquire ITIS Holdings for US$59 million.
January 27, 2012 Read time: 1 min

163 Inrix, the international provider of real-time traffic information and connected driving services, has made an offer to acquire 745 ITIS Holdings for US$59 million.

Inrix says the proposed acquisition, which will significantly expand its business into Australia, Brazil, South Africa, Singapore and Russia, with enhanced coverage in the UK, would grow its business exponentially in several areas. “Automakers, mobile companies and other customers are increasingly demanding global traffic and connected driving solutions,” said Bryan Mistele, president and CEO of Inrix. “ITIS is a strategic investment that expands our geographic reach, technical expertise and suite of market-leading technologies to offer customers the best traffic information, more cost-effectively and in more markets.”

Pending approval by ITIS shareholders, the deal is expected to close in late August 2011.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Regional, national managed enforcement for developing nations
    February 3, 2012
    Robot is offering nationwide enforcement services to both developed and developing countries.
    Read More
  • Mobility, autonomous vehicles, connected cars and big data analytics ‘present growth opportunities in 2017’
    June 8, 2017
    New research by Frost & Sullivan indicates that e-mobility solutions, autonomous vehicle technology, and other digitisation advances are creating new and exciting opportunities in the automotive industry.
    Read More
  • Audi and Inrix debut online traffic services
    January 7, 2015
    Audi and Inrix have joined forces to introduce Inrix XD Traffic services to Audi vehicles in North America, available in model year 2015 Audi vehicles with Audi connect. Inrix XD Traffic services cover more than two million miles of road in North America, including highways, ramps, interchanges, arterials, city and other secondary roads, delivering real-time navigation information, including routes, travel times and alerts to incidents on the road. The addition of Inrix XD Traffic to the Audi connect
    Read More
  • Agero to sell connected vehicle services division
    August 19, 2013
    Agero has entered into a definitive agreement under which SiriusXM Radio will acquire Agero's connected vehicle services division in a deal worth US$530 million. Agero’s connected vehicle unit provides telematics services such as roadside assistance, consumer affairs and claims management services, for driver and automobile makers. The deal is slated to close in the fourth quarter 2013 and will enable the company to continue to accelerate the development and delivery of new services to enhance its leadershi
    Read More

Highlighted Content